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Jun 30, 2025
Las Vegas Sands Q2 2025 Earnings Report
Las Vegas Sands reported strong Q2 2025 results with solid revenue growth and higher net income driven by record performance at Marina Bay Sands.
Key Takeaways
Las Vegas Sands posted $3.18B in revenue and $519M in net income for Q2 2025, with Marina Bay Sands delivering record Adjusted Property EBITDA. Shareholder returns included $800M in share repurchases and a $0.25 dividend per share.
Revenue reached $3.18B, up from $2.76B last year
Net income grew to $519M versus $424M last year
Marina Bay Sands achieved $768M Adjusted Property EBITDA, boosted by high Rolling Play hold
Repurchased $800M in common stock and maintained a $0.25 dividend per share
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects continued growth from Marina Bay Sands and Macao, supported by ongoing capital investments and strong tourism trends.
Positive Outlook
- Strong Marina Bay Sands performance expected to continue
- Macao positioned for future growth due to long-term investments
- Capital investment programs supporting revenue growth
- Healthy cash flow enabling continued share repurchases
- Tourism spending in Asia expanding, benefiting integrated resorts
Challenges Ahead
- High leverage with $15.68B total debt
- Rising interest expense despite slightly lower borrowing cost
- Macao operations show slower growth compared to Marina Bay Sands
- Regulatory risks in Macao and Singapore remain a concern
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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